The Mexico retail market size is projected to grow at a CAGR of 4.80% between 2025 and 2034. The market is being driven by the expansion of existing retail spaces and the rising emphasis on providing a memorable shopping experience.
The expansion of existing retail spaces is expected to drive the Mexico retail market growth. This is because the retail sector plays a critical role in promoting employment opportunities in Mexico and its growth has a favourable impact on other industries like security, technology, and cleaning, among others.
Moreover, the emphasis on providing a memorable shopping experience is driving sales of various products, contributing to the market expansion. Rising investor confidence is prompting increasing investment in the retail sector, which is enabling businesses to develop innovative brands and concepts in Mexico. Over time, this is expected to lead to Mexico retail market development.
The increasing construction of community centres and small and mid-size shopping complexes is one of the key Mexico retail market trends. Shopping centres located in major cities like Monterrey, Guadalajara, and New Mexico City have recorded a decrease in the availability of retail space, pointing towards the strong economic recovery of the sector post-COVID-19 pandemic.
The strategic location of retail spaces in Mexico and the increasing focus on personalised shopping experiences is driving the Mexico retail market growth. It is expected that 330,000 square feet of additional retail space can be created in Mexico in 2024.
Market Segmentation
Mexico Retail Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
Food, Beverage, and Grocery
Personal and Household Care
Apparel, Footwear, and Accessories
Furniture and Home Decor
Industrial and Automotive
Electronic and Household Appliances
Pharmaceuticals
Luxury Goods
Others
Market Breakup by Sector:
Organised
Unorganised
Market Breakup by Distribution Channel:
Hypermarket and Supermarket
Convenience Stores
Speciality Stores
Department Stores
E-Commerce
Others
Market Breakup by Region:
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico retail market players are:
Walmart Inc.
Amazon.com, Inc
El Palacio de Hierro, SA de CV
El Puerto de Liverpool
Fomento Economico Mexicano, SAB de CV
Tiendas Soriana, S.A. de C.V.
COPPEL, SA DE CV
Sears Operadora México S.A. de C.V.
Auchan Holding
Costco Wholesale Corporation
Others
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanization Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Retail Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Retail Historical Market (2018-2024)
- 5.3 Latin America Retail Market Forecast (2025-2034)
- 5.4 Latin America Retail Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.5 .3 Argentina
- 5.5.1 Others
- 6 Mexico Retail Market Overview
- 6.1 Key Industry Highlights
- 6.2 Mexico Retail Historical Market (2018-2024)
- 6.3 Mexico Retail Market Forecast (2025-2034)
- 7 Mexico Retail Market by Product
- 7.1 Food, Beverage, and Grocery
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Personal and Household Care
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Apparel, Footwear, and Accessories
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Furniture and Home Decor
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Industrial and Automotive
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Electronic and Household Appliances
- 7.6.1 Historical Trend (2018-2024)
- 7.6.2 Forecast Trend (2025-2034)
- 7.7 Pharmaceuticals
- 7.7.1 Historical Trend (2018-2024)
- 7.7.2 Forecast Trend (2025-2034)
- 7.8 Luxury Goods
- 7.8.1 Historical Trend (2018-2024)
- 7.8.2 Forecast Trend (2025-2034)
- 7.9 Others
- 8 Mexico Retail Market by Sector
- 8.1 Organized
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Unorganized
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Mexico Retail Market by Distribution Channel
- 9.1 Hypermarket and Supermarket
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Convenience Stores
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Specialty Stores
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Department Stores
- 9.4.1 1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 E-Commerce
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Others
- 10 Mexico Retail Market by Region
- 10.1 Baja California
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Northern Mexico
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 The Bajío
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034 ) )
- 10.4 Central Mexico
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Pacific Coast
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Yucatan Peninsula
- 10.6.1 Historical Trend (2018-2024)
- 10.6.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter's Five Forces Analysis
- 11.2.1 Supplier's Power
- 11.2.2 Buyers Powers
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Walmart Inc.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Amazon.com, Inc
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 El Palacio de Hierro, SA de CV
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 The Port de Liverpool
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Fomento Economico Mexicano, SAB de CV
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Tiendas Soriana, SA de CV
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 COPPEL, SA DE CV
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Sears Operadora México SA de CV
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Auchan Holding
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Costco Wholesale Corporation
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
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